Allot Receives a Hold from Oppenheimer

In a report released today, George Iwanyc from Oppenheimer maintained a Hold rating on Allot (NASDAQ: ALLT). The company’s shares opened today at $5.09.

Iwanyc wrote:

“Allot reported a largely in-line 1Q18 and reiterated 2018 rev. guidance of $91-95M, which reflects 11-16% YoY growth. Security remains the key growth driver with mgm’t indicating growing CSP interest and good visibility into a growing sales pipeline for 2H18/2019. We’re encouraged by the steady execution on the security pivot (sales realignment, product focus, Netonomy integration) and are positive on the company’s long-term strategic direction. We view 2018 as a mostly blocking-and-tackling year (sales push/investment, product marketing) with potential upside more of a 2019 opportunity given typical CSP sales cycles (12+ months). a positive bias and fine-tuning estimates to reflect results/reiterated outlook.”

According to TipRanks.com, Iwanyc is ranked #2299 out of 4787 analysts.

Allot has an analyst consensus of Hold.

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Based on Allot’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $4.34 million. In comparison, last year the company had a GAAP net loss of $5.08 million.

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Allot Communications Ltd. engages in the development and provision of mobile, fixed, and enterprise networks. It operates through the following geographical segments: Europe; Asia and Oceania; Americas (excluding the United States); Middle East and Africa; and United States.